Ninety One UK Ltd Has $56.86 Million Holdings in Vale S.A. (NYSE:VALE)

Ninety One UK Ltd cut its position in Vale S.A. (NYSE:VALE - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,410,197 shares of the basic materials company's stock after selling 266,225 shares during the quarter. Ninety One UK Ltd's holdings in Vale were worth $56,858,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Vale in the third quarter valued at about $28,000. Brooklyn Investment Group boosted its stake in Vale by 215.9% during the 4th quarter. Brooklyn Investment Group now owns 2,780 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 1,900 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Vale in the 3rd quarter valued at approximately $36,000. R Squared Ltd bought a new position in Vale in the 4th quarter worth approximately $41,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vale during the third quarter worth approximately $79,000. Institutional investors own 21.85% of the company's stock.

Wall Street Analyst Weigh In

VALE has been the topic of several research analyst reports. Wolfe Research upgraded shares of Vale from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, January 8th. Scotiabank dropped their price objective on shares of Vale from $14.00 to $13.00 and set a "sector perform" rating on the stock in a report on Monday, January 6th. Jefferies Financial Group cut their price objective on shares of Vale from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Monday, January 6th. StockNews.com began coverage on Vale in a research report on Friday, December 13th. They set a "buy" rating on the stock. Finally, Morgan Stanley cut Vale from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $14.50 to $11.30 in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vale presently has a consensus rating of "Hold" and a consensus target price of $13.89.

Vale Price Performance

Shares of VALE stock traded down $0.15 during trading hours on Friday, hitting $9.46. The company had a trading volume of 35,970,280 shares, compared to its average volume of 41,358,476. Vale S.A. has a 12 month low of $8.38 and a 12 month high of $13.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.58 and a current ratio of 0.91. The firm's fifty day moving average is $9.08 and its 200 day moving average is $10.05. The firm has a market capitalization of $42.93 billion, a price-to-earnings ratio of 4.38, a PEG ratio of 0.30 and a beta of 0.91.

Vale Profile

Vale SA, together with its subsidiaries, produces and sells iron ore and iron ore pellets for use as raw materials in steelmaking in Brazil and internationally. The company operates through Iron Solutions and Energy Transition Materials segments. The Iron Solutions segment produces and extracts iron ore and pellets, manganese, and other ferrous products; and provides related logistic services.